Published by Global Banking & Finance Review®
Posted on March 13, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleBNP Paribas BP's net profit surged 132% in 2023, driven by high interest rates and liquidity, exceeding forecasts with a proposed dividend of 7.86 zlotys per share.
GDANSK (Reuters) - BNP Paribas BP, the Polish unit of lender BNP Paribas, posted a higher-than-expected jump in its full-year net profit on Thursday, supported by excess banking sector liquidity and persistently high interest rates.
WHY IT'S IMPORTANT
The lender is part of the international banking group BNP Paribas. BNP Paribas BP, along with its units, ranks sixth in the Polish banking sector in terms of total assets.
BY THE NUMBERS
The financial year net profit at BNP Paribas' Polish unit stood at 2.36 billion zlotys ($611.76 million), ahead of the 2.18 billion zlotys forecast in a company-compiled consensus.
Net interest income rose 9.9% to 5.74 billion zlotys from a year ago, supported by strong liquidity situation and an increase in the scale of the group's operations.
Net fee and commission earnings were 1.26 billion zlotys versus 1.23 billion zlotys consensus expectation.
DIVIDEND
The management of the bank has proposed a dividend of 7.86 zlotys per share for 2024, amounting to roughly 50% of the net profit.
($1 = 3.8577 zlotys)
(Reporting by Julia Kotowska; Editing by Sherry Jacob-Phillips and Mrigank Dhaniwala)
The article discusses the significant increase in BNP Paribas BP's net profit for the year, highlighting financial results and proposed dividends.
The profit surge was supported by excess banking sector liquidity and persistently high interest rates.
The management has proposed a dividend of 7.86 zlotys per share for 2024.
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